On 1 July 2021, the super guarantee (SG) rate will rise from 9.5% to 10%.
If you have employees, you'll need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate.
You can find the scheduled rate increases and dates on the ATO website.
STP for Closely Held Employees Begins 1st July 2021
From 1 July 2021, amounts paid to closely held (related) employees will need to be reported directly to the ATO via STP. If you're a small employer you can report these amounts on or before each payday, or you can choose to report this information quarterly.
If you have any other payees (also known as arm's length employees) they must be reported on or before each payday.
More detailed information can be found on ATO website or you can contact our office.
* *ATO Scam Alerts * *
myGov or myGovID
The ATO are receiving reports of a new email scam that asks people to update their myGov or myGovID details.
Scammers pretending to be from the ‘myGov customer care team’ are sending emails telling people they need to verify their identity by clicking on a link.
Do not click the links and do not provide the information requested.
We have also had numerous reports of scammers pretending to be from the ATO tell people their tax file number (TFN) has either been suspended due to illegal activity or compromised by a scammer.
They request the call recipient either pay a fine to release their TFN or transfer all bank funds into a holding account to protect it from future misuse.
The ATO does not suspend TFNs and will never request you pay a fine or transfer money in order to protect your TFN pending legal action.
Phone calls from the ATO do not project a number on caller ID and we will never send unsolicited pre-recorded messages to your phone.
If you receive a phone call like this, hang up and do not provide the information requested.
If you’re unsure whether an ATO contact is genuine, phone the ATO directly on 1800 008 540 to check.
If ever in doubt, please contact our office.
Please also warn your family and friends & visit the ATO scam alerts page for regular updates.
Fake COVID-19 Texts
Scammers are pretending to be government agencies providing information on COVID-19 through text messages and emails. These contain malicious links and attachments designed to steal your personal and financial information.
Do not click on any links or respond to any messages that ask for personal information.